Average Labor Productivity Is the

question 35

Multiple Choice

Average labor productivity is the

• A)amount of workers per machine.
• B)amount of machines per worker.
• C)ratio of employed to unemployed workers.
• D)amount of output per worker.

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Definitions:

Specific Goods

Goods that are identified and agreed upon at the time a contract of sale is made.

F.O.B. New York

A shipping term indicating that the seller must deliver goods on board a vessel at the port of New York, with the buyer being responsible for freight and insurance.

Risk of Loss

The exposure to potential financial loss in a transaction, often determining who bears the responsibility if goods are damaged or lost.

Carrier

An entity or company that undertakes to transport goods or people for a fee, such as a shipping line, airline, or telecommunications provider.